Tanzanite One is the sole miner of Tanzanite - the newest (blue/violet) gemstone discovery. The only known source is in Tanzania and Tiffany & Co have described this "gem" as the most significant find in 200 years. TNZ is already profitable and this could be set to have an excellent 2006.

Been generally thin trade over last few days with losts of small trades. So could just be Mr Market and small investors in particular over-reacting in the short term to the combined worse than expected second half of the year results (forgetting very good first half of the year results and good future prospects for growth) and to the change in CEO and getting caught up in following the momentum down. Mike Nunn (departing CEO) is clearly an excellent businessman, and so his stepping down is unfortunate - but I see he will continue to act as a consultant to T1 and he still has a sizeable shareholding in the company which is good. Taking a Buffet style view, short term movements whether up or down are often irrational and unpredictable often based more on sentiment and emotion than on rationality. Ignoring the short term (never easy to watch the share price plummet though!) , in the long term the share price should reflect profitability and success of the company. Therefore if taking a longer term view, as long as fundamentals and future long term prospects remain sound, the price should recover in time. I believe that the quality and amount of gems recovered can reasonably be expected to vary over time (and this appears to have contibuted to poorer second half of the year profits with one less sightholder sale than planned),and this variability will be less of a longer term problem if mining capacity is increased (as is planned) and T1 continues to buy up additional stones from other miners. Could well be that the wee guys who panic and sell now will be the losers in the longer term, and if so then the current price may provide a buying opportunity. On the other hand, if anyone knows of any good reasons that the fundamental longer term prospects for the company should be revised downwards, that would be reason for concern. Will be very interested to see what sort of profits are generated for next 6 months.

As for Tom Cruise - that rumour should not have got out. If he was to be seen to give TNZ now, it might be perceived as tacky comercialism and viewed very cynically by the press. Would be better for this to happen with a celebrity with no prior publicity whatsoever.

Question is are all the sellers in recent days just lemmings all following each other over the cliff, or do they know somehing we don't?

Tanzanite One swings to H1 pretax loss on lower gem quality tanzanite recovered
AFX


LONDON (AFX) - Tanzanite One Ltd swung to a pretax loss for the six months to end June as lower gem quality tanzanite was recovered and mining operations were restricted by un-anticipated national power cuts.

It moved to a pretax loss of 684,593 usd from a profit of 9.0 mln usd in the year-earlier period. Sales fell 27 pct to 16.3 mln usd. It took a 2.8 mln usd provision following the decision to withdraw from the wholesale jewellery business.

It plans to pay an interim dividend of 2 cents, up from 1 cent in 2005.

Chief executive Ian Harebottle said that despite tanzanite gem quality remaining at historical lows, lower cut and polished sales, and the 2.8 mln usd write down, he was encouraged by the results achieved in the group's core mining business.

Cash and cash equivalents at end June were 6.6 mln usd, compared with 5.1 mln in 2005.

The company is increasing its presence in Tanzania.

Will Tom Cruise buy Kat a tanzanite wedding ring?

wedding rings are plain gold .... that said, tanzanite is truly beautiful stone, so watch out for it as it is pretty rare and I think there is just the one source (unlike diamonds) ....but don't rush to buy shares .. lol!

remember Shares ramping this one , bit of a shock when i saw the sp.

Also, IC several times giving BUY around the 200p level but no follow up about the the fall in gem quality. I got out of this well before the current levels but still took quite a sting!

Very bad sting.

Don't know anything about this company, but the drop might be overdone, will have to do some research.

Very bad news for those in this company...75 people feared dead in mining collapse....flooding...check BBC teletext....poor people, condolences to the families of the bereaved !.....this stock will be suspended without a doubt....sp will go to the floor when suspension lifted....just when the shares were starting to recover !

There is a possiblity that the mines in question might not be owned by Tanzanite....and might be illegal local ones...we shall see !

If the company has not had any flooding the shares could rise...as there would be a terrible shortage of gemstones....otherwise the sp will crash...whatever the case, time to get down to your local jewellers and snap some blue sparklers up !, luckily I'm not in but could have been !

tanzanite is a wonderfully pretty stone, but because of history and cachet, i am afraid it will never challenge sapphires in value .... if anyone goes to dubai, you will find a lot of tanzanite, often of very good quality, in nearly all the jewellery shops, especially in the gold souk.

Well...monday morning will be interesting...to say the least...those with a heavy cfd or spreadbet on this company going long....could be ouch ! time.

Required field,

Is it definately Tanzanite's One'smine?

I'm not 100% sure Andy but it could be...or the illegal mines that might be around TZM's main mine.....there should be an RNS at 7 AM tomorrow morning !

http://www.ippmedia.com/ipp/observer/2008/03/30/111378.html

The above article says 4 bodies recovered have been identified as employees of Tanzanite One

What no RNS ?

Well...if this is not suspended...time to bail out quicko !....looks like a clear short to me !

are you a really nervous guy, required field?

started reading your comments.....i think you had 3 messages by yourself at 1 point.......look mate, tanzania has a history of bad accidents or floods.....2002 and 1998 i think spring to mind.
i dont want to sound harsh but life is cheap in a lot of countries in the world like africa, eastern europe etc........i think tanzania average man lives till he is 51.

you use harsh language like "will" be suspended.....then say it might not be their mines.
as i say, calm down mate.

dont put your name down for PM as we have disasters and crisis every day in UK with numpty brown and co